JSW Steel climbs as Japan’s JFE-backed JV to expand electrical steel output to 3.5 lakh TPA with Rs 5,845 crore investment
JSW Steel Ltd shares edged up over 1.3 per cent on Monday, August 4, to hit Rs 1,041.30, after the company announced a major expansion plan in collaboration with Japanese steel giant JFE Steel Corporation. The partners will jointly invest Rs 5,845 crore to increase their cold rolled grain-oriented (CRGO) electrical steel capacity to 350,000…